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Tiaa Fsb Removes Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)


Tiaa Fsb reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 4.6% in Q1, according to the company in its most recent Form 13F filed with the Securities & Exchange Commission. The institutional investor held 13,386 shares of the semiconductor company after selling 640 shares during the period. Tiaa Fsb’s holdings in Taiwan Semiconductor Manufacturing were worth $1,396,000 when it last filed with the Securities & Exchange Commission.

Other large investors also bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,000. Curi Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $28,000. Asset Dedication LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 176.2% in the fourth quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company worth $35,000 after acquiring 185 additional shares in the last quarter. New England Inc.’s Retirement Planning Co acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $37,000. Finally, Rather & Kittrell Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $37,000.

Several equity analysts commented on the stock. Loop Capital took over coverage of Taiwan Semiconductor Manufacturing stocks in a Tuesday, June 21 research note. They issued a “buy” rating for the company. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, April 14. Needham & Company LLC reiterated a “buy” rating and set a target price of $125.00 on shares of Taiwan Semiconductor Manufacturing in a Thursday, April 14 research note. Finally, StockNews.com launched coverage on Taiwan Semiconductor Manufacturing stocks in a Thursday, March 31 research note. They set a “buy” rating for the company. Four research analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $137.50.

Shares of TSM opened at $85.92 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $82.75 and a 1-year high of $145.00. The company has a debt ratio of 0.28, a current ratio of 2.09 and a quick ratio of 1.85. The company has a fifty-day moving average price of $91.41 and a 200-day moving average price of $107.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last reported quarterly results on Thursday, April 14. The semiconductor company reported earnings per share of $1.40 for the quarter, beating consensus analyst estimates of $1.31 by $0.09. Taiwan Semiconductor Manufacturing achieved a net margin of 38.44% and a return on equity of 30.84%. The company posted revenue of $491.08 billion in the quarter, compared to $471.53 billion expected by analysts. During the same period of the previous year, the company made earnings per share of $0.96. Taiwan Semiconductor Manufacturing’s quarterly revenue increased 35.5% from the same quarter last year. As a group, stock analysts expect Taiwan Semiconductor Manufacturing Company Limited to post EPS of 5.93 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13. Investors of record on Friday, September 16 will receive a dividend of $0.4625. The ex-dividend date is Thursday, September 15. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a dividend of $1.85 on an annualized basis and a yield of 2.15%. The payout ratio of Taiwan Semiconductor Manufacturing is 32.46%.

About Taiwan Semiconductor Manufacturing (Get a rating)

Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States and the international. It provides complementary metal-oxide silicon wafer fabrication processes for fabricating logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional ownership by quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)



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